0% financing for 84 months plus 72 months power train warranty.
Going green? Any regrets?
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Wow. That is very nice, for sure! Somebody's hungry.
Got that on my 1025R in the fall of 2020.
Nice. If I had seen that kind of deal when I was looking in '22... I might have gone new, myself. I got a pretty good deal all in all though, considering attachments. I'm only really 'missing' a backhoe. I'll just rent a mini excavator the 3-4 times I might need one.
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You’re not going to get that from JD in spring of 2023. It will be interesting to see how financing and rebates will change in the next few months.
That's a fact! Makes me wonder if Kioti is coming out with something new, or if it's a reaction to the impending market. I ran into this when I was in commercial photography. Cameras and lenses would be deeply discounted, then a new model would be announced. Scored some great deals then on some otherwise out of my reach professional grade equipment.
Regardless, were buying this March. We have too many projects that require a SCUT that the tired, very tired JD L130 can't handle. She mows and blows snow good. She's just tired, uses oil and isn't up to the tasks that I need a real tractor for.
I thought about keeping her for just snow duty, considering that I just rebuilt her snow blower. But she uses too much oil per use to keep her. I'll sell her for what I have into rebuilding the snowblower with full disclosure of her oil usage.
Sadly, I suspect that we are in for a rough ride in the next couple of years (let's hope that it's only a couple:. Thankfully, my job is quite stable.
Not wanting to make it political, but the world's situation is quite unstable at this point in time.
Regardless, were buying this March. We have too many projects that require a SCUT that the tired, very tired JD L130 can't handle. She mows and blows snow good. She's just tired, uses oil and isn't up to the tasks that I need a real tractor for.
I thought about keeping her for just snow duty, considering that I just rebuilt her snow blower. But she uses too much oil per use to keep her. I'll sell her for what I have into rebuilding the snowblower with full disclosure of her oil usage.
Sadly, I suspect that we are in for a rough ride in the next couple of years (let's hope that it's only a couple:. Thankfully, my job is quite stable.
Not wanting to make it political, but the world's situation is quite unstable at this point in time.
But, that's not what JD is offering now! Not to mention, cash price is vastly different than financed price. Quite substantial. When I looked at a JD 1025R last Sept. It was a subtantial difference. It's worth investigating outside JD (or any other MFR>) financed price vs. cash price with outside financing.
My Kioti dealer's website actually has the two prices listed on their website. For how I have my tractor spec'd.: It's about a $1,400 difference. That's about the cost of the interestl I didn't fall off the turnip truck yesterday (I did a few years ago and banged my head pretty badly, that is why SWMBO watched the checkbook).
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2,953 Posts
99% of the JD dealers will NOT discount the price if you pay cash. The dealer(s) will give you a quote and that's that. No further discount for paying with cash.
The current rates from JD are 1.9% x 48mnths for tractors and 4.9% for verything else except for a couple of zreo turn mowers.
Any warranty beyond the JD dealer warranty comes from the dealer, not JD and may or may not cover your failure. Additionally, the warranty will not be covered by JD or another dealer.
The current rates from JD are 1.9% x 48mnths for tractors and 4.9% for verything else except for a couple of zreo turn mowers.
Any warranty beyond the JD dealer warranty comes from the dealer, not JD and may or may not cover your failure. Additionally, the warranty will not be covered by JD or another dealer.
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4,929 Posts
Like BobL, from my experience JD does not have two tiered pricing from cash vs financing. Other brands usually clearly state there are different prices depending upon how you are paying.
Back when I bought mine that wasn't the case. I quoted the package before any talk of payment was had. After I liked the quoted price (roughly 18% off MSRP) I asked about payment options. The advertised JD financing was 0% for 36, 48, or 60 months. No additional discount for cash. When I balked at the monthly payment, my salesman said I could go to 84 months. My reply was "where do I sign?".
Things have changed quite a bit since then.
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318 Posts
When I had a 2305, I finally got around to buying a FEL, I know, I know, should have bought it with the tractor but, bought a tiller instead.
Anyway, the price was $3800. for the bucket, I said, "what about cash"? He took $500 off.
Don't know where you saw that ... As mine is made by Iseki (A Japanese Company) in there Indonesia based plant ...
Iseki to expand Indonesian tractor plant to lift supply to US
Japanese farm machine makers focus on overseas as domestic growth stalls
asia.nikkei.com
Deere hasn't offered two tier pricing on their SCUTS and CUTS nationwide nor does it appear that is the pricing policy on these same machines at this time, but they do have two tiered pricing on their commercial mowers and some forestry, golf course models on which they offer financing. That has long been the case.
Most of those on this site who have borrowed from Deere to buy SCUTS or CUTS found the cash price the same and loan price and its been this way for at least 10 years. Those who bought other Deere equipment very well could have experienced the two tier pricing. Note, none of that equipment is the residential lawn and garden type of equipment most often mentioned and discussed on this site.
Deere has the benefit of Deere Financial where most other brands have to use 3rd party financing. Most of the brands which offer 0% require the buy down and they advertise a "Cash Price" and a "Financed Price". The difference between the two is generally the current long term financing interest rate total cost with a present value calculation applied. So if the purchase had an interest cost of $4,000 to carry the debt at market rates for the loan term, the "financed price" to get the low rate / 0% rate is likely about $2,900 to $3,200 depending upon the factors used.
Is it worth paying the financed price to get the lower rate? Largely depends upon one's credit score and their cost of capital. Reality is that its going to be much harder to sell items which require debt because many people have lived long enough to see all of the red lights which have been lit for more than 2 years.
When you have such market instability to permit major financial institutions to fail in a matter of hours due to the volatility in rates, people would be wise to proceed more cautiously than many have been living in the prior 10 years.
Most of those on this site who have borrowed from Deere to buy SCUTS or CUTS found the cash price the same and loan price and its been this way for at least 10 years. Those who bought other Deere equipment very well could have experienced the two tier pricing. Note, none of that equipment is the residential lawn and garden type of equipment most often mentioned and discussed on this site.
Deere has the benefit of Deere Financial where most other brands have to use 3rd party financing. Most of the brands which offer 0% require the buy down and they advertise a "Cash Price" and a "Financed Price". The difference between the two is generally the current long term financing interest rate total cost with a present value calculation applied. So if the purchase had an interest cost of $4,000 to carry the debt at market rates for the loan term, the "financed price" to get the low rate / 0% rate is likely about $2,900 to $3,200 depending upon the factors used.
Is it worth paying the financed price to get the lower rate? Largely depends upon one's credit score and their cost of capital. Reality is that its going to be much harder to sell items which require debt because many people have lived long enough to see all of the red lights which have been lit for more than 2 years.
When you have such market instability to permit major financial institutions to fail in a matter of hours due to the volatility in rates, people would be wise to proceed more cautiously than many have been living in the prior 10 years.
He bought orange ... A year ago ... Not sure why no more post though ...
I bought a red tractor, but I also have a green grass cutter, that's what brought me here ... Lots of good info that is applicable to tractors in general, while some is green specific ...
ETA - I bought my "Little Baby Fergie" MOSTLY due to availability ... Then the dealer was the best fit for me, and he was also the closest ...
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